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Even with regular maintenance, most driveways don’t last much longer than 30 years. Alligator cracking is a clear warning sign that your driveway’s foundation is failing, and cracks that are deep and wide can let water in, causing more damage. Standing water is another red flag. If your driveway doesn’t drain properly, it’s going to degrade slowly. Finally, if you’re seeing dips or uneven patches, that’s a sign the base layer or soil is shifting. If these issues pop up, it’s time to replace your driveway.

An asphalt overlay or top coat costs between $3 and $7 per square foot. For a standard, single-car driveway that’s 10 feet wide and 20 feet long, that’s a total of between $600 and $1,400. For a two-car driveway, you’re looking at a total of between $1,200 and $3,000.

You can expect your asphalt pavement to last anywhere from 20 to 30 years, or 25 years on average. The life expectancy of your asphalt driveway depends on the climate, the amount of traffic, and how well you maintain it. While you can’t necessarily control some of these factors, you can control the amount of maintenance effort you put into your driveway. 

To prevent your asphalt from deteriorating prematurely, you should follow a good maintenance routine involving regular cleaning, reparation work, and resealing.

The choice between asphalt and concrete depends on your priorities, budget, and climate.

Concrete is generally more durable, lasting up to 50 years with minimal upkeep, and offers more customization options like staining and stamping, which can add more to a home's value. However, it is more expensive upfront and can be prone to cracking in cold climates where water can freeze and expand.

Asphalt is typically cheaper and quicker to install and is easier to repair. It performs better in colder climates. However, it requires more maintenance, including regular resealing, has a shorter lifespan, and can get hot and sticky in intense sunlight.

Ultimately, if durability and long-term value are key, concrete is often the better choice. If upfront cost and performance in cold weather are more important, asphalt may be preferable.